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Multi Commodity Exchange of India Ltd (MCX) has an interim Chairman in R.M. Premkumar, a retired Indian Administrative Service (IAS) officer.
He will hold this post till the reconstitution of the board in accordance with the Forward Markets Commission (FMC) guidelines on board composition, MCX said in a filing with the stock exchanges today.
Premkumar is FMC-appointed independent director on the board of MCX.
Ravi Kamal Bhargava, a retired IAS officer, has been appointed as Chairman of the Audit Committee till the reconstitution of the board. Bhargava is currently FMC-nominated independent director on the MCX board.
Meanwhile, Joseph Massey, Managing Director and CEO of MCX-SX, has withdrawn his request for re-appointment as director of MCX. Massey is expected to vacate his office as director of MCX with effect from the close of business hours on September 30.
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